SB2649 — Public Funds and Financing - As introduced, establishes the Tennessee taxpayer relief and recession reserve; clarifies that deposits into the reserve for revenue fluctuation and the relief and recession reserve do not count toward the Copeland Cap; provides an automatic, temporary sales tax reduction when there are sufficient over collections to offset the loss of revenue. - Amends TCA Title 9 and Title 67.

SB2649 — Public Funds and Financing - As introduced, establishes the Tennessee taxpayer relief and recession reserve; clarifies that deposits into the reserve for revenue fluctuation and the relief and recession reserve do not count toward the Copeland Cap; provides an automatic, temporary sales tax reduction when there are sufficient over collections to offset the loss of revenue. - Amends TCA Title 9 and Title 67. · Informed CitizenryThis bill establishes the Tennessee taxpayer relief and economic recession reserve, a reserve account in the general fund. It defines 'over collections' as state tax revenue collected above the bud…Open in Informed Citizenry